News Overview

Asian equities ended mixed-to-positive on May 13, 2026, as investors tracked the Trump-Xi meeting, rising crude oil prices, and continued momentum in semiconductor stocks. South Korea and Japan outperformed on AI-led chip demand optimism, while Indian markets witnessed a cautious recovery amid inflation concerns and foreign investor outflows.

Indian benchmark indices snapped a four-session losing streak on May 13, 2026, supported by a sharp rally in metal stocks, value buying at lower levels, and improving global sentiment. Nifty closed above 23,400 while Sensex ended marginally higher, though weakness in IT and auto sectors kept broader market sentiment cautious.

L&T’s PT&D division wins significant EPC orders in the Middle East for 380 kV and 132 kV substations, strengthening grid reliability and supporting growing energy demand.

US inflation came in hotter than expected, pushing Treasury yields higher and weakening rate-cut expectations, while oil prices rebounded above $100 amid US-Iran tensions. Global equity markets ended mixed, with tech stocks under pressure and Europe led lower. The developments carry significant implications for India’s inflation, currency, and trade balance.

Cipla Q4 FY26 results were mixed, with a sharp decline in profit and margins offset by strong growth in India and Africa businesses. Despite weak North America performance, investor sentiment turned positive as adjusted earnings and dividends provided stability.

The Indian Rupee gained mildly after India increased gold and silver import duties from 6% to 15% to reduce dollar outflows and support forex reserves. Despite the temporary INR strength, elevated crude oil prices, persistent FII selling, and stronger US inflation continue to favor USD/INR upside toward the 96.00 level.

Hindustan Petroleum Corporation Limited (HPCL) reported a strong Q4 FY26 performance with a 46% jump in net profit to ₹4,902 crore. Improved refining margins, ₹3,300 crore LPG compensation, and robust domestic fuel demand boosted earnings. The company also announced a final dividend of ₹19.25 per share and posted record annual profits for FY26.

Adani Group received a major boost after NCLAT upheld its ₹14,535-crore resolution plan for Jaiprakash Associates and dismissed Vedanta’s appeal. The verdict cleared a key legal hurdle in the high-profile Jaypee insolvency case, triggering a nearly 3% rise in Adani Enterprises and Adani Ports shares as investors cheered the strategic acquisition.

Vodafone Idea shares surged nearly 8% to hit a fresh 52-week high after the company announced a board meeting on May 16 to consider fundraising proposals along with Q4FY26 earnings. Improved sentiment following AGR relief, leadership changes, and expectations around debt reduction and network expansion have put the telecom operator back in investor focus.

MTAR Technologies stock jumped nearly 10% after reporting strong FY26 earnings growth, improved operating cash flows, and lower debt levels. The multibagger stock has gained over 138% in six months as investors remain optimistic about opportunities in clean energy, aerospace, defence, and precision engineering manufacturing.